QUOTE (invst4profit @ Oct 24 2008, 09:00 AM) Rent increase forms: http://www.ltb.gov.on.ca/en/index.html As a new landlord you need to study the "Residential Tenancies Act." In Ontario it is extremely important that you educate yourself on all rules and regulations or you risk getting...

Hello: I need to notify my tenant about a Rent Increase effective in 90 days. Is there a special form for this? Or can I just write a letter/notification? But, most importantly do I need a signed copy for my records? Thank you for your help Elisabet Kisielewski Oakville Ontario

Hello: I am wondering if in a two year lease, signed in Ontario, the rent can be raised according to the allowable % increase in year two? Or is it automatically assumed that rent will remain the same as in year 1? Thank you very much Elisabet Kisielewski Oakville

QUOTE (OlegP @ Oct 1 2008, 06:59 PM) I am currently looking at 2 townhouses in Hamilton. Never bought condos for rental purposes before. One of the most important issues, as I understand, is the health of the condo corporation`s reserve fund. I can request a copy of it, but truthfully I am not...

QUOTE (hanwellboy @ Sep 17 2008, 06:37 AM) If I take out a home equity loan on my primary residence to use as a downpayment in order to buy a rental property, can I deduct both the interest from the loan, and the mortgage interest of the rental property? Thanks. Absolutely

QUOTE (samcansam @ Aug 20 2008, 11:18 PM) Just wondering, when non-rein would be able to buy the new Top 10 towns in Alberta report? Thank you Anyone can purchase the report. Call the office. Good Luck! Elisabet

QUOTE (dnaumis @ Aug 3 2008, 09:08 AM) Hello again, Has anyone heard or purchased from Equity Builders or similar companies? They purchase large complexes of units (like townhomes) and sell them off individually to investors. They handle all the rentals and maintenance for a fee. It sounds like...

QUOTE (dnaumis @ Aug 3 2008, 09:08 AM) Hello again, Has anyone heard or purchased from Equity Builders or similar companies? They purchase large complexes of units (like townhomes) and sell them off individually to investors. They handle all the rentals and maintenance for a fee. It sounds like...

QUOTE (Mecheng @ Aug 8 2008, 09:59 AM) I`ve been looking in Barrie and KW where rents are a little lower then $1250 and properties are a little higher then $135K. It has been tough finding anything that is positive cash flow using my LOC for the down payment. In most cases it`s around negative...

QUOTE (SomchayYau @ Jul 24 2008, 02:43 PM) Elisabet, which option did you end up choosing? Have not made a decision yet. I am waiting for my Mortgage Broker to get back to me with more info re: re-financing. I know I will have to pay a penalty and I don``t think I will get the rates I was...

Thanks all for your responses. After going over the Lease agreement i realized I had included a clause where they had agreed to keep the lawn in good shape. I brought this to their attention, asked them to remedy it immediately and gave the option if they preferred for me to call a lanscaping...

QUOTE (coinebro @ Jul 23 2008, 09:44 PM) I have known about Rein for 1 1/2 years and have recently started looking at the forum. I have been investing full time for 3 years, mainly flips and new houses. I see there are many new people joining rein, but there are a couple of questions I want to...

Upon a recent inspection of my property I noticed the tenants are not looking after the fully fenced backyard at all. Some of the weeds are 4 feet high. On the other hand the front lawn is well kept. Is there anything I can do about it? Or as long as it is good shape when they leave it is ok...

QUOTE (SomchayYau @ Jul 21 2008, 08:08 AM) You can claim the interest you paid on your HELOC when you file your tax return. Can you do the same with the other two options? Good Point. I could if I re-finance and I could not if I used the non-registered funds. Thanks Elisabet

I am in the process of purchasing property # 5 and I have different options available for the downpayment source. I am wondering if one is more favourable than the other. Your opinion is greatly appreciated. Sources: 1. Sell non-registered investments ( approx. yield 8% per year) 2. Secured...

QUOTE (jarrettvaughan @ Oct 16 2007, 10:24 AM) I have seen a couple ads for Platinum Property Group and am looking for feedback on this copmany or similar investment oppertunities. This company purchases residential buildings and sells the individual units to its investors. The membership fees...

Hello: I am in a similar situation as yours. You may want to speak with my mortgage broker. He is very competent and an investor himself so he will know how to help you. He answers your calls within minutes. Tom Hogg from The Mortgage Centre @ 905 949-4949. Good Luck! Elisabet K.

QUOTE (mhaytuazon @ Feb 5 2008, 11:31 AM) Hi Mike, Thanks so much! I actually know a couple of realtors so I`m definitely going to ask them. I hadn`t thought of that, thanks a whole bunch!!! Sincerely, Mhay Hi Mike: if you are just starting you more likely do not need to incorporate. You...

QUOTE (StephanieCox @ Feb 3 2008, 12:20 PM) Hello, I`ve signed up to go to the markus group`s free workshop. I was wondering if anyone else had been before, or if anyone has done their real estate investment training. I was wondering if this is a good investment in myself for my future in real...

QUOTE (donksky @ Jan 22 2008, 09:46 AM) Hi, Have u heard of the above or invested with either of them (Profunds in stoney Creek) & Equitybuilders in Mississauga? They do condo conversions & then sell to investors & claim to remove the hassle of finding good investment property, doing paperwork &...